Mon, Dec 11, 2023
Cordani said the company would consider bolt-on acquisitions aligned with its strategy as well as "value-enhancing divestitures."
Thu, Nov 23, 2023
The company said a demand of "INR 7,396.76 million (AY 2016-17) and INR 9,270.31 Million (AY 2017-18) was raised by the Assessing officer, against which the Company had preferred appeal before CIT-Appeal".
Tue, Nov 21, 2023
The Titan Company said it is planning to add over 3,000 employees in the next 5 years across domains including engineering, design, luxury, digital, data analytics, marketing and sales among others.
Sat, Dec 24, 2022
A two-member bench said after examining the materials and considering the arguments, it was of opinion that the "appellants had already admitted in the leniency application regarding their involvement in the cartelisation".
Tue, Dec 20, 2022
The IPO comprises fresh issue of shares worth up to Rs 60 crore and an offer for sale (OFS) of 33,125,000 shares by promoter David Devasahayam and private equity firm Ascent Capital Advisors India.
Sat, Dec 17, 2022
The agreement for the deal is expected to be signed during the first week of January 2023 and the transaction is expected to complete around the same time.
Tue, Dec 13, 2022
The pacts were signed at the Vedanta-Avanstrate Business Partners Summit 2022 held last week at Tokyo, Japan. The summit was attended by more than 200 delegates from over 100 global companies.
Mon, Dec 12, 2022
In a regulatory filing, Tata Motors said the IPO Committee of the company, which met on December 12, 2022 has accorded its in-principle approval for such a step.
The regulator in its order in January, 2020, levied a total fine of Rs 10.3 crore on JCL, while its directors and chairman Sandeep Jindal faces a fine of Rs 20 lakh, Rajinder Jindal and Yash Paul Jindal face a fine of Rs 10 lakh each.
Revenue growth of the FMCG sector will be muted at 7-9 per cent this fiscal and the next compared to 8.5 per cent in the last, while volume growth will be just about 1-2 per cent, down from 2.5 per cent last fiscal, Crisil said in a report on Monday.
The IPO received bids for 14,30,715 shares against 1,28,00,000 shares on offer, according to NSE data. The category for non-institutional investors received 12 per cent subscription and Retail Individual Investors (RIIs) part was subscribed 13 per cent.
Sun, Dec 11, 2022
The government currently holds a 29.54 per cent stake in HZL, while a 5.54 per cent stake is with public shareholders. Mining mogul Anil Agarwal's Vedanta Ltd is the promoter with a 64.92 per cent stake in HZL.
The initial share sales of wine producer Sula Vineyards and Abans Holdings, the financial services arm of Abans Group, will open for public subscription on December 12, while that of automobile dealership chain Landmark Cars will begin on December 13, data with stock exchanges showed.
At the time of filing the draft paper with the Securities and Exchange Board of India (Sebi), market sources had indicated the company is looking at a valuation of over USD 1.5 to 1.7 billion.
In a regulatory filing, Jaypee Power Ventures informed that a board meeting has been convened on Monday to "apprise the board of the recommendations of the Audit Committee to consider the proposal of divestment of Jaypee Nigrie cement Grinding unit."
Sat, Dec 10, 2022
The carmaker, which sells products under BMW and Mini brands in the car segment and bikes under BMW Motorrad, is all set to introduce eight products over the next eight weeks in the country.
The capital was raised from 22 investors, including BNP Paribas Arbitrage, Morgan Stanley (Asia) Singapore Pte Ltd, Citigroup Global Markets Mauritius Pvt Ltd, Goldman Sachs and Abu Dhabi Investment Authority.
Thu, Dec 08, 2022
A private sector appointee to lead India's largest insurer, which manages 41 trillion rupees ($500.69 billion) in assets, would be a first in its 66-year history.
The three-day initial share-sale will conclude on December 14 and the bidding for anchor investors will open on December 9, the company said in a statement. The public issue will be entirely an offer for sale (OFS) aggregating to 26,900,532 equity shares by the promoter, investors and other shareholders.
According to Sebi, the subscription towards the OFCDs was solicited by the two companies from the general public throughout the country, without adequately informing them about the risks involved in the instruments.
Tue, Dec 06, 2022
Vedanta Ltd on Tuesday said it is considering raising up to Rs 500 crore through debentures.
Oil-to-metals conglomerate will raise the amount in one or more tranches.
Mon, Dec 05, 2022
During the September 2022 quarter, ATC's largest customer in India Vodafone Idea (VIL) indicated that it would make a partial payment of its contractual amounts owed to the company under tenant leases for the remainder of 2022, including amounts owed for the three months ended September 30, 2022.
Sun, Dec 04, 2022
"We expect to end the year with a turnover of around Rs 3,000 crore in the current fiscal, a 20 per cent increase over last year. Inflation has impacted costs by 8-10 per cent affecting margin," thyssenkrupp Industries Managing Director and CEO Vivek Bhatia said.
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